I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Saturday, 5 December 2015

My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)


Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!!

 Read? I've gone naked! No more Life insurances!


Real life stories on Life Insurance from the Not Vested!


Uncle8888 will have another three months to Mar 2016 and then he will be half-naked as self-insured man with some built-in capability to grow his insurance fund with annual no claim bonus so there is nice incentive for himself to groom his aging body farther.

He will be spending at least a few hours a day focusing on personal wellness after his 60. There is no plan to upgrade Medi-Shield Life to Private Shield.

Health is Wealth!

If he manages to avoid any major heart disease leading to costly heart operation, he would save $XXX,XXX before passing his time on Earth. Right?


Posted by Createwealth8888 at 08:19
Labels:

9 comments:

  1. Singapore Man of Leisure5 December 2015 at 10:55:00 GMT+8

    CW,

    Interesting someone with long term goals and planning and someone floating around like a leaf in the wind have arrived in a similar spot ;)



    ReplyDelete
  2. Createwealth88885 December 2015 at 11:57:00 GMT+8

    Possible when both realize it not too late!

    ReplyDelete
  3. Siew Mun6 December 2015 at 07:07:00 GMT+8

    Agree. I intend to go naked when my term insurance ROD at 65. But I will still continue w a IP-Medishield Life with a rider for class 1. I don't need term insurance as my children will stand on their feet. I will also have a golden goose.

    ReplyDelete
    Replies
    1. Singapore Man of Leisure6 December 2015 at 09:31:00 GMT+8

      Siew Mun,

      In the old days, families with golden geese will marry them off with each other to produce more little golden goslings ;)

      I only have a silver goose, but for HDB lifestyle, it's comfortable enough!

      Delete
    2. Createwealth88886 December 2015 at 09:51:00 GMT+8

      Once we have a fully paid home and be debt free, we should be financially secure even with bronze goose or duck.

      Delete
    3. Siew Mun6 December 2015 at 11:11:00 GMT+8

      SMOL Would be a great that children are able to choose spouses who are producing golden, silver or bronze eggs. Hope they are not 富二代 net spenders.

      Delete
  4. Rolf Suey6 December 2015 at 22:36:00 GMT+8

    Yes. Most scarry thing after retirement is not, no money but no health.

    My uncle (God father) who is such a nice n positive person, after retiring at 70 died of cancer one year later. It was one of the saddest moments for us then.

    ReplyDelete
  5. Createwealth88887 December 2015 at 18:11:00 GMT+8

    Quote from the author:

    I also used to be very particular about everything I ate, not because of a love for myself or a caring for my body. It was because of fear of what these foods would do to me. I was very afraid of cancer, and believed that everything caused cancer, from microwaves, barbecued foods, red meat, plastic containers, pollution, sunshine, etc. I now realize that it’s the emotions I feel about the food that has more effect on me than the food itself. I can choose to eat conventionally healthy food, and as long as I am doing it because I love my body and life, and want to live long and healthy, then that’s the effect the food will have on me. If I eat it out of fear, because I am afraid of cancer, I am just sending fear based energy through my body, regardless of whether the food is healthy or not.

    Even if I eat a piece of chocolate or dessert, I eat it because I want to enjoy the sensation of eating it, and enjoy every bite.

    Read more? Dying To Be Me: My Journey from Cancer, to Near Death, to True Healing

    ReplyDelete
  6. Createwealth88887 December 2015 at 18:12:00 GMT+8

    Think hard to prevent cancer as it may be related to our DNA.

    ReplyDelete

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